Our 2020 Business Year-End Planning Guide is Available

If you own a business of any kind, please be sure to check out our 2020 year-end tax planning business guide.

This guide has various strategies to minimize taxes including:

  • Strategies depending on whether 2020 is a higher income year than 2021
  • How to defer income into next year
  • How to accelerate expenses into 2020
  • Retirement plan strategies for your business
  • Deductions related to vehicles
  • The PPP loan forgiveness tax trap

These are general discussions and should never replace a complete business tax plan which may include strategies not covered in this guide such as:

  • Choice of entity
  • Compensation strategies for owners
  • Retirement plan options that can save more than traditional plans
  • Passive losses
  • Shareholder basis to maximize S-corp losses
  • Rental real estate tied to the business
  • And much more.